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CNN
Dec 23, 2012 7:00am PST
on the medium term deficit. >> people on the left this whole idea of comprehensive tax reform unleashing economic growth is nonsense. is that -- >> most of the evidence suggests that there is some benefit from a more sensible tax code. i think in 2013 itself, we have larger problems in the sense of inadequate demand, but i think it's hard to argue that we wouldn't do somewhat better with a more sensible tax code. >> one piece that you've been pushing is a consumption tax as part of this comprehensive tax deal. you know that a lot of economists think it is a good idea. we should tax consumption and get the savings rate up. it seems politically dead on arrival. i think paul voker mentioned it and in response 96 senators passed a sense of the senate resolution that this was an evil idea. >> here's the way i look at it. we're not going to get a consumption tax in this discussion this year and not next spring either. the reason it's inevitable, on the republican side, it is the way to slowly do tax reform. peter's right, reforming the income tax is very, very hard. it is also the only way to
Search Results 0 to 1 of about 2 (some duplicates have been removed)